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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: adcpres who wrote (36677)11/29/2000 2:35:58 PM
From: donald sew  Read Replies (1) of 42787
 
Adcpres,

>>>> if we close on the NDX in negative territory, it will be three black crows will it not. Not necessarily identical ones but black crows none the less? <<<<

Not necessarily. The 3rd day(today) should be similar in size to the previous 2 days, so if the NDX closes around negative 100 that would ice that formation. Negative 75 may do it also, but better if around negative 100. Also there should not be a large lower shadow, a small one fits.

"IDENTICAL" is not in reference to the size, its in reference to the open and close. So DAY 2 opens near/at DAY 1's close, and DAY 3 opens near/at DAY 2's close. Thats the meaning of "identical" versus the plain 3-CROWs.

seeya
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